importing question
Discussion
Right this has been bugging me for a while.
Lets say I spec up a truck from a dealer and comes in at $40,000. I understand that the UK customs will charge ~30% of the UK equivalent value.
Si if I said to the dealer can you write me a receipt for $20,000 would they use that figure or would they know what I paid for it?
Lets say I spec up a truck from a dealer and comes in at $40,000. I understand that the UK customs will charge ~30% of the UK equivalent value.
Si if I said to the dealer can you write me a receipt for $20,000 would they use that figure or would they know what I paid for it?
You may get away with it, but if you don't its tax evasion and fraud, do you fancy the consequences if they look at the invoice and say "hmm i think not, time to make an example out of someone"
Just pay the tax due and be done with it. Its not like the government haven't made it clear they are going after people not paying their taxes.
Just pay the tax due and be done with it. Its not like the government haven't made it clear they are going after people not paying their taxes.
initially yes they will use the invoice you provide but it will be a problem if they get suspicious, then they can ask for more evidence of the actual price paid, such are currency transactions, and they likely wont issue the certificate of tax paid until they are happy, and you cant register the car without it.
What will make them take an extra look at it, who knows, your form may go in front of an American truck enthusiast who knows the value of such things, they may be having a week of check all car imports, random dip sample, why does anyone get caught?
On anything there will be an expected price that can easily be checked/looked up, any significant deviation from this will probably trigger a closer look if its noticed in the first place. So knocking £5k off a $100k sale will probably stand some scrutiny, putting through a $40k as $20k probably not.
Lots of people do it and get away with it, end of the day though its illegal and are you prepared for the consequences if caught,
What will make them take an extra look at it, who knows, your form may go in front of an American truck enthusiast who knows the value of such things, they may be having a week of check all car imports, random dip sample, why does anyone get caught?
On anything there will be an expected price that can easily be checked/looked up, any significant deviation from this will probably trigger a closer look if its noticed in the first place. So knocking £5k off a $100k sale will probably stand some scrutiny, putting through a $40k as $20k probably not.
Lots of people do it and get away with it, end of the day though its illegal and are you prepared for the consequences if caught,
ViperDave said:
initially yes they will use the invoice you provide but it will be a problem if they get suspicious, then they can ask for more evidence of the actual price paid, such are currency transactions, and they likely wont issue the certificate of tax paid until they are happy, and you cant register the car without it.
What will make them take an extra look at it, who knows, your form may go in front of an American truck enthusiast who knows the value of such things, they may be having a week of check all car imports, random dip sample, why does anyone get caught?
On anything there will be an expected price that can easily be checked/looked up, any significant deviation from this will probably trigger a closer look if its noticed in the first place. So knocking £5k off a $100k sale will probably stand some scrutiny, putting through a $40k as $20k probably not.
Lots of people do it and get away with it, end of the day though its illegal and are you prepared for the consequences if caught,
Fair enough, it's something I've always ponderedWhat will make them take an extra look at it, who knows, your form may go in front of an American truck enthusiast who knows the value of such things, they may be having a week of check all car imports, random dip sample, why does anyone get caught?
On anything there will be an expected price that can easily be checked/looked up, any significant deviation from this will probably trigger a closer look if its noticed in the first place. So knocking £5k off a $100k sale will probably stand some scrutiny, putting through a $40k as $20k probably not.
Lots of people do it and get away with it, end of the day though its illegal and are you prepared for the consequences if caught,
Roo said:
Had a letter this morning from HMRC.
Anyone who is now importing a vehicle to the UK has to inform them within 14 days of the cars arrival. If you don't do it they won't give clearance to DVLA for the vehicle to be registered.
They're definitely clamping down.
Sounds like fun, nearly bought a car from your company a year back! You sold it about a week before i had the funds Anyone who is now importing a vehicle to the UK has to inform them within 14 days of the cars arrival. If you don't do it they won't give clearance to DVLA for the vehicle to be registered.
They're definitely clamping down.
Will probably PM you if the OH fancies an american car again....*whipped*
Roo said:
Had a letter this morning from HMRC.
Anyone who is now importing a vehicle to the UK has to inform them within 14 days of the cars arrival. If you don't do it they won't give clearance to DVLA for the vehicle to be registered.
They're definitely clamping down.
They're also preparing for the closure of all the local DVLA offices as well. This prior notification system will make it easier for the DVLA to sign off on registrations and if we're lucky they might work a little faster.....Anyone who is now importing a vehicle to the UK has to inform them within 14 days of the cars arrival. If you don't do it they won't give clearance to DVLA for the vehicle to be registered.
They're definitely clamping down.
Matt Harper said:
Can't see anything wrong with that - the excise people are all so stupid, they'll never recognise that the invoice is only half the value of the goods. Go for it, I say.
They're not as stupid as you think, and if they do have a dumb moment it never seems to be in your favour. It's too easy to look at AutoTrader or eBay in the U.S. and see through it. It's not as if Customs have never seen someone try and undervalue goods before is it?!mitch_ said:
They're not as stupid as you think, and if they do have a dumb moment it never seems to be in your favour. It's too easy to look at AutoTrader or eBay in the U.S. and see through it. It's not as if Customs have never seen someone try and undervalue goods before is it?!
Thank you - mine was a weak attempt at sarcasm. A 20 second Google search can give anybody dealer pricing in the US - and I suspect that UKRC will have the odd copy of Kelly Blue Book lying about.Gassing Station | Yank Motors | Top of Page | What's New | My Stuff